IA Trade Update (Patreon)
Published:
2022-10-21 18:47:38
Imported:
2023-01
Content
HI Team
On Sept 9 I added the third leg to the stool - by selling the Oct 260 MSTR Calls. They expire today. Avg price was about $30.50.
My plan as I have hinted at was to let them expire worthless - means I pocket the $30.
Reduces the breakeven on the Synthetic Long to about $185.
I plan to wash rinse and repeat and sell again on the next MSTR spike. That being said, we must keep a close eye on the Fed.
S&P 500 3500 bottom looks like it was a bottom on Oct 13th as the markets are sniffing out the slow in hikes and ultimate pivot.